-
Listed Price :
$3,995,000
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Beds :
7
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Baths :
8
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Property Size :
4,492 sqft
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Year Built :
1921
Property Description
WOW! 5.2% CAP rate, with market rate rents in a fully renovated, turnkey bungalow court on a rare, oversized double lot. We've just reduced this trophy property over $800,000 and the price is right, right now! Ownership and cash flow is a breeze with new market rate renters in 6 fully renovated units. 2016 Vista Del Mar is a boutique collection of 6 newly reimagined bungalows in the Hollywood Hills. AIH Development presents a modern take on LA's quintessential courtyard residences, providing a best-in-class turnkey investment property for a discerning portfolio. Behind a sleek exterior of custom milled cedarwood and iron fencing, with keyless entry, automatic driveway gate, and Door Bird guest communications system, the residences are centered around a serene landscaped and lighted courtyard. With a muted palette and clean architecture, four traditional 1 bedroom bungalows are each equipped with their own unique outdoor spaces ranging from side patios to private grassy yard spaces. A spacious 2 bedroom, 2.5 bathroom "Owner's Unit" is large standalone home, and a private 1 bedroom + office unit offers a lovely flow and private back yard. No expense was spared in the modernization of this complex. From stucco to windows, doors, roofs, water lines, sewer, electrical, and HVAC, each structure has been meticulously rebuilt with energy efficiency, longevity, and ease of maintenance in mind. The interiors provide a luxe and elevated style of living, with 7" wide white oak engineered hardwood flooring, shadow box moldings, custom window treatments and solid wood Dutch doors. Finishes surprise and delight, showcasing a rare attention to detail and quality. Kitchens feature Caesarstone countertops, custom white oak cabinetry with soft close drawers, Bosch and GE Cafe appliances. The bathrooms offer Grohe and Toto fixtures with playful designer tile. Each unit is complete with custom millwork closets, LG washers and dryers, along with individual Post Alarm systems and energy efficient central HVACs. Covered parking for 7 vehicles features EV charging capabilities individually metered for each unit. An incredibly rare trophy property for investors seeking for top-rate market rents, steady cash flow, and easy maintenance. Nestled on a quiet street just north of Franklin Ave. at the base of the Hollywood Hills, you are moments from Franklin Village, Gelson's Market, shopping, the 101 freeway, offices, restaurants, and entertainment in Hollywood, and miles of trails and recreation in Griffith Park.
Interior Features
| Bedroom Information |
| Bedrooms |
7 |
| Bathroom Information |
| Bathrooms |
8 |
| Interior Information |
| Cooling Type |
Central Air |
Listing Information
| Address |
2016 N Vista Del Mar Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90068 |
| County |
Los Angeles |
| Listing Agent |
Courtney Pickard DRE #01948903 |
| Co-Listing Agent |
Joe Reichling DRE #01427385 |
| Courtesy Of |
Compass |
| List Price |
$3,995,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
4,492 |
| Lot Size |
12,267 |
| Year Built |
1921 |
Listing information courtesy of: Courtney Pickard, Joe Reichling, Compass. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:56 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
